• Octagon Networks is a security company that converts its liquid assets into and balance sheets to.
• Octagon will accept bitcoin payments as payment for its services.
• This makes the company the first to achieve this feat.

Octagon Networks is a cybersecurity and intelligence company. It began their week by becoming the first to use Bitcoin as its sole currency.

Octagon claims that it will accept bitcoin payments to all of its services. Also, all Octagon services that are paid in Bitcoin will receive a discount of 50%

Paulos Yibelo is a former Octagon managing partner. He said that Bitcoin has helped Octagon expand its operations to other countries.

Bitcoin is our belief that it will bring the world a brighter future. [It] will help accelerate our other goals to bring high-quality cybersecurity solutions to the masses…

Yibelo added that Octagon’s Bitcoin adoption will aid in opening a discussion on the “bureaucracy involved with acquiring international customers and talent.” Interestingly, the ex-managing partner revealed that Octagon’s implementation model is inspired by the applications of MicroStrategy, Inc.

MicroStrategy was among the first to go under after Bitcoin’s crash three weeks prior. Since over two decades, Michael Saylor’s company MicroStrategy has been all-in on crypto.

Apart from Octagon Networks (NASDAQ:), Microstrategy and Octagon Networks (NASDAQ:), Tesla (NASDAQ::) has also traded billions of dollars for bitcoin. Many experts predict that large corporations like Microsoft and Apple will soon follow their lead and begin adding bitcoin to their treasury. “This trend will take a while to get underway,” said crypto influencer Anthony Pompliano. “But it is the natural progression in adoption.”

Magic Eden, an NFT marketplace based in Solana, has outperformed OpenSea’s transaction volumes. Magic Eden recorded over 500,000 transactions in the past day, dominating OpenSea’s 68,000, according to data from DappRadar.

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